タグ: theory

Abstract: This paper aims to propose an intellectual property management which can sufficiently incentivise to innovation without providing exclusive rights for creators. Specifically, our model applies citation network and rewarding structure employed in cryptocurrencies, and instead of appropriability mechanisms, creators in the model are compensated by the delegation of subsequent review. This system can improve the social welfare on existing systems by free and open access and less management cost as decentralized autonomous organization.

Abstract: This paper presents a dynamics of cumulative culture by using the methodology of economic growth theory which similarly deals with the accumulation stemming from human activities. Two main results can be derived from the model we set. First, the steady-state value of cultural stock is not affected by its quality and evaluation. Second, the steady-state is almost stable in all transitional dynamics. These imply that only indirect intervention has the real effect on cultural stock which is especially related to acquisition cost, depreciation and creativity.